DALLAS — The Central Texas Regional Mobility Authority, the first toll road agency of its kind in Texas, is looking for yield-hungry investors willing to take a risk on $374 million of revenue bonds at or below investment grade next week.
The bonds will finance construction of the Manor Expressway Project, a 6.2-mile tollway in Austin and Travis County that will use an expanded median of U.S. 290. The existing U.S. 290 will be widened and will remain non-tolled. The total cost of the project is estimated at $359 million.
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